Forex Trend Prediction – Oct 02, 2013
AUD/CAD 02/10/2013
1 week Trend: (=) 1 month Trend: (=)
AUD/CAD intraday: target 0.964
0.969 is our pivot point.
Our preference: target 0.964.
Alternative scenario: the upside breakout of 0.969, would call for 0.97 and 0.971.
Comment: the RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is trading under its 20 MA (0.9677) but above its 50 MA (0.9645).
Supports and resistances:
0.97 *
0.969 **
0.968
0.967185 last
0.964
0.964 **
0.963 *
EUR/USD 02/10/2013
1 week Trend: (=) 1 month Trend: (=)
EUR/USD intraday: rebound.
Pivot: 1.3505
Our preference: Long positions above 1.3505 with targets @ 1.356 & 1.3585 in extension.
Alternative scenario: Below 1.3505 look for further downside with 1.349 & 1.347 as targets.
Comment: the pair is rebounding and is breaking above its resistance.
Key levels
1.3625
1.3585
1.356
1.35338 last
1.3505
1.349
1.347
Gold 02/10/2013
1 week Trend: (=) 1 month Trend: (=)
GOLD (Spot) intraday: the downside prevails.
Pivot: 1305.00
Our preference: SHORT positions @ 1303 with targets @ 1277 & 1273.
Alternative scenario: The upside penetration of 1305 will call for 1310 & 1317.
Comment: as long as 1305 is resistance, expect a return to 1277.
Trend: ST Bearish; MT Bearish
Key levels Comment
1317** Intraday resistance
1310* Intraday resistance
1305*** Intraday pivot point
1293.6 Last
1277** Intraday support
1273** Intraday support
1267** Intraday support
Technical Analysis – Time MetaTrader4
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